Fed Fast – Tele remittance from Gulf Countries
Through Fed Fast NRIs can make Rupee remittance from Gulf countries to the beneficiary’s account in India. Once the remitter remits money at the Bank / Exchange house in the Gulf, the amount is credited to the beneficiary’s account with Federal Bank / or any other Bank within a short span of time. Fed Fast is not restricted to the Federal Bank customers alone. Any NRI can remit funds through Fed Fast to account in with any bank in India.
Federal Bank has tie-up with reputed Exchange Houses and Banks in the Middle East. The state of the art technology procured by the bank, effects hassle free remittances to India, at express speed. To know more details please visit Fed Fast Page.
Remittance through Demand Drafts from GCC Countires
NRIs can make remittance to India by taking Demand Drafts from Exchange Companies in GCC Countries and mailing it to the beneficiary.
List of Exchange Companies and Banks
Fed-e-Cash (Cash on-Line scheme)
Fed-e-Cash scheme is for making remittance up to Rs 50,000. The benefit is that the beneficiary can collect cash from the Bank by producing a Photo Identity Card. The beneficiaries need not be account holders of Federal Bank or of any bank in India. The remittance can be made through Exchange Houses/ Banks in GCC countries to our branches in India. The beneficiary should approach the branch where money was sent with his/her photo identity card. The remittance can reach the beneficiary at express speed.
Presently Cash on line arrangement exists with three Banks in Saudi Arabia. For more details please visit Fed-e-Cash Page.
- Arab National Bank
- Al Rajhi Bank Ltd
- Bank Al Bilad.
Western Union Money Transfer
Western Union Money Transfer facility is a remittance channel launched across all our branches in the country which facilitates Indian expatriates across the globe to remit their money back home in a safer, secure and hassle free mode under a tie up with Weizmann Forex Ltd. For more details please visit the Western Union Money Transfer Page.
Xpress Money of UAE Exchange Centre
Xpress Money (XM) is a money transfer scheme that helps NRIs to send remittance to beneficiaries in India through branches of UAE Exchange Centre. Remittance up to Rs 50,000 will be paid in cash on production of Photo Identity Card and the secret code number issued by UAE Exchange Centre. The remittance reaches the beneficiary immediately. For more details please visit the Xpress Money Page.
Fed India Remit Service from USA
Fed India Remit Service is an Internet based remittance service using ACH clearing arrangement in US. Bank has associated with Bank of America to bring this service to its US based customers. Using this service, NRIs can transfer US Dollar funds, from their account with any ACH-affiliated bank in the USA, to the account of the beneficiary with any branch of Federal Bank. The attraction of the scheme is its cost affordability. By paying just Rs 10 one can transfer $ 15,000 per day subject to a maximum of $ 45,000 per month. For details about registering for the service and other salient features see the Fed India Remit Service page.
Fedfast Plus
Fedfast Plus enables our NRI patrons to remit their money Instantantly from a Correspondent Bank / Exchange House to Federal Bank account. This is an online seamless mechanism for funds transfer to Beneficiaries accounts of Federal Bank and also to other NEFT member banks through RBI’s (Reserve Bank of India) NEFT. For more details please visit the Fedfast Plus Page.
Remit2India
Federal Bank, your perfect banking partner, now offers NRIs a state-of-the-art remittance service. In association with Remit2India, the leading service provider, offering online remittances to India. Federal Bank NRI customers across the world can now:
Send money online from 23 countries into India
Australia
Austria
Belgium
Canada
Cyprus
Finland
France
Germany
Greece
Hong Kong
Ireland
Italy
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Japan
Luxembourg
Malta
Netherlands
Portugal
Singapore
Slovakia
Slovenia
Spain
United Arab Emirates
United Kingdom
United States
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Use a secure, state-of-the-art technology platform to send money anytime using the Internet
Have the comfort of using a service offered by two trusted brands - Federal Bank & The Times Group
Enjoy great deals on exchange rates, etc.
Combining an illustrious lineage of The Times Group, a state-of-the-art technology platform and a wide delivery network, Remit2India ensures that the money is delivered in India directly into the bank account or couriered as a demand draft to the doorstep of the receiver.
It has been adjudged the World's No.1 Independent Online Money Transfer Portal for NRIs by AC Nielsen. For more details please visit the Remit2India Page.
Lock Box Facility
Lock box is a value added service provided by Federal Bank, in association with Bank of America, This service avoids the delay in getting realization of your US$ personal cheques. Hitherto your personal cheques were to be first sent from USA, all the way, back to India and these instruments had to go back to USA for presentation in clearing for realization of funds. Now you can deposit your personal cheques in a local Post Box of Bank of America in USA and get credits in your Federal Bank account in India very fast. Lock Box services avoid delay in realization, and additional cost on account of bank charges, postage etc. For more details please visit the Lock Box Facility Page.
Remittance through SWIFT from anywhere in the world
Apart from the tailor-made schemes above, our customers can send money from any part of the world through SWIFT. It is the most popular mode of money transfer in the world. To facilitate remittance through SWIFT, Federal bank has correspondence banking relationship with all major banks in the world. For the detailed list of correspondent banks with their SWIFT BIC and IBAN Number please go to the SWIFT Page.
Correspondent Banks
Federal Bank has established correspondent banking arrangement with major banks of the world. To see the detailed list please visit the Correspondent Banks page.